Game Theory and Society

Name: Game Theory and Society
Brand: Taylor & Francis
SKU: 9780367536794
Price: 4116.0 INR
Availability: InStock

by Weiying Zhang

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ISBN13: 9780367536794
Binding: Paperback
Subject: N/A
Publisher: Taylor & Francis
Publisher Imprint: Routledge
Publication Date: May 12, 2020
Pages: 424
Original Price: GBP 48.99
Language: English
Edition: N/A
Item Weight: 595 grams
BISAC Subject(s): Public Policy / Economic Policy, Management, and Sociology / General

About The Book

The progress of society can only happen through interpersonal cooperation, because only cooperation can bring about mutual benefit, thus bringing happiness to each person. This should be our collective rationality, but we often see it conflicts with individual interests, which leads to the so-called "Prisoners' Dilemma" and does not bring happiness to all.

From a game theoretical perspective, this book addresses the issue of how people can cooperate better. It has two objectives. The first is to use common language to systematically introduce the basic methodologies and core conclusions of Game Theory, including the Nash equilibrium, multiple equilibriums, dynamic games, etc. Mathematics and theoretical models are used to the minimum necessary scope too, to make this book get access to ordinary readers with elementary mathematical training. The second objective is to utilize these methods and conclusions to analyze various Chinese social issues and institutional arrangements, with a focus on the reasons people exhibit non-cooperative behaviors as well as the institutions and cultures that promote interpersonal cooperation.

In addition to economics, specialists in sociology, law, history, politics and management will also be attracted by this book for its insightful analysis on the issue of cooperation in these fields. Also, readers curious about Chinese society will benefit from this book.

About The Author

Weiying Zhang is a Professor of economics at Peking University. His research interests include Applied Game Theory, information economics, corporate governance, Chinese economic development and reform.

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